TTM Technologies (NASDAQ:TTMI) Updates Q4 2024 Earnings Guidance

TTM Technologies (NASDAQ:TTMI) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of 0.440-0.500 for the period, compared to the consensus EPS estimate of 0.430. The company issued revenue guidance of $610.0 million-$650.0 million, compared to the consensus revenue estimate of $615.6 million. TTM Technologies also updated its Q4 guidance to $0.44-0.50 EPS.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TTMI shares. Truist Financial reiterated a “buy” rating and issued a $24.00 target price (up from $22.00) on shares of TTM Technologies in a research report on Thursday, August 1st. Stifel Nicolaus boosted their target price on TTM Technologies from $19.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. B. Riley increased their price target on TTM Technologies from $25.50 to $27.25 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Needham & Company LLC upped their target price on TTM Technologies from $21.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $24.31.

TTM Technologies Trading Up 0.1 %

TTMI traded up $0.01 during trading hours on Wednesday, reaching $19.72. The company’s stock had a trading volume of 704,774 shares, compared to its average volume of 759,373. The stock has a market cap of $2.01 billion, a PE ratio of -985.50 and a beta of 1.25. TTM Technologies has a fifty-two week low of $11.38 and a fifty-two week high of $22.70. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.04 and a quick ratio of 1.74. The business’s 50-day moving average is $18.81 and its 200-day moving average is $18.61.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05. TTM Technologies had a return on equity of 9.01% and a net margin of 0.74%. The business had revenue of $605.10 million during the quarter, compared to analysts’ expectations of $582.70 million. During the same period in the prior year, the business posted $0.28 EPS. The company’s revenue was up 10.7% compared to the same quarter last year. As a group, equities research analysts predict that TTM Technologies will post 1.31 earnings per share for the current fiscal year.

Insider Buying and Selling at TTM Technologies

In other news, SVP Dale Martin Knecht sold 20,000 shares of TTM Technologies stock in a transaction on Monday, August 5th. The stock was sold at an average price of $17.40, for a total value of $348,000.00. Following the completion of the sale, the senior vice president now directly owns 81,392 shares of the company’s stock, valued at approximately $1,416,220.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Shawn A. Powers sold 7,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $20.50, for a total value of $143,500.00. Following the sale, the executive vice president now directly owns 101,741 shares in the company, valued at approximately $2,085,690.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Dale Martin Knecht sold 20,000 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $17.40, for a total value of $348,000.00. Following the transaction, the senior vice president now directly owns 81,392 shares of the company’s stock, valued at $1,416,220.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 63,000 shares of company stock valued at $1,153,900 over the last quarter. 1.30% of the stock is owned by company insiders.

About TTM Technologies

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.